The Chief Commissioners Inland Revenue (IR) will apprise Chairman Federal Board of Revenue (FBR) Dr. Muhammad Ashfaq Ahmed of the key enforcement and administrative measures, progress on point of sale (POS) integration, and complaint resolution in the upcoming meeting on Saturday, September 18.
Sources told ProPakistani that the FBR chairman has convened a meeting to seek the input of all Chief Commissioners IR mainly on these areas. The Chief Commissioners IR would also share their strategy to meet the assigned revenue collection target and revenue position during the first quarter of 2021-22.
Sources said that FBR, as compared to a collection of Rs300 billion in August 2020, provisionally collected Rs434 billion in August 2021 against the target of Rs349 billion, reflecting an increase of Rs85 billion (125 percent achievement of target) and a growth of 45 percent.
They said the tax authorities highlighted that the FBR’s focus will be on automation, facilitation of taxpayers, simplification of tax laws, improving tax enforcement, and taking measures to ensure ease of doing business in the country. The FBR priority focus will be on revenue generation, while also on reforms as well, they added.
Some of the major initiatives include centralized monitoring and supervision; crackdown on unethical practices; realignment of jurisdiction; establishment of new formations such as Large Tax Office (LTO), Multan and CTO Islamabad; crackdown against smuggling/POL stations; curbing under-invoicing; initiation of high impact sectoral audits; automation of refunds through Sales Tax (FASTER+) and Income Tax (CITRO); centralized Post Refund Audit; Alternate Dispute Resolution; Chief Commissioners working as Ombudsperson to resolve taxpayers issues expeditiously and establishment of Pakistan Single Window (PSW).
According to FBR, the current year’s theme focuses on automation, facilitation, simplification, enforcement, and ease of doing business.
